Protein Ingredients Market worth 58.49 Billion USD by 2022

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Open date: 31/03/2017 - 07:36 | Last update date: 31/03/2017 - 09:03 | Publication page

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Overview

The protein ingredients market is growing in accordance with the advancement of the nutritional food & beverage industry. The rise in demand for protein ingredients from industries such as food & beverage, cosmetics & personal care, animal feed, and pharmaceuticals is driving the protein ingredients market. Request FREE Sample The protein ingredients market is projected to reach USD 58.49 Billion by 2022, at a CAGR of 6.0% from 2017, in terms of value. In terms of volume, the market is projected to reach 8,713.7 KT by 2022, at a CAGR of 4.9% from 2017. The food & beverage segment is estimated to lead the protein ingredients market by application. The pharmaceuticals segment is projected to have the highest growth rate during the forecast period followed by the cosmetics & personal care segment. The animal protein segment dominated the market, by source, owing to its better nutritional profile than plant protein, its dominant usage in major end-use applications such as functional beverages, and difficulty in substituting egg and gelatin in bakery and confectionery applications. Furthermore, growing consumption of livestock products, rising demand from end-consumers for superior personal, and health care products are driving the market for protein ingredients in the animal feed, cosmetics & personal care, and pharmaceutical industries. Download PDF Brochure The Asia-Pacific region is projected to be the largest market from 2017 to 2022, India being the fastest-growing market in the region. Asia-Pacific is also projected to be the fastest-growing market during the forecast period, due to the rise in awareness among consumers about products with healthy and nutritive ingredients. Key Players are Cargill (U.S.), Archer Daniels Midland Company (ADM) (U.S.), E. I. du Pont de Nemours and Company (U.S.), Kerry Group plc (Ireland), and Omega Protein Corporation (U.S.)

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